Jennifer Magro

EX-10.39 7 y01134exv10w39.htm EXHIBIT 10.39 EX-10.39

Exhibit 10.39

June 5, 2008

Xplor Capital Management LLC
Two Stamford Landing — Suite 100
68 Southfield Avenue
Stamford, CT 06902

Attention: Mr. Damon Hart

Re: Management Agreement Renewals

Dear Mr. Hart:

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the “Management Agreements”). We are extending the term of the Management Agreements through June 30, 2009 and all other provisions of the Management Agreements will remain unchanged.

	•		CTA Capital LLC

	•		Citigroup Emerging CTA Portfolio LP

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Ms. Jennifer Magro at the address above or fax ###-###-####. If you have any questions I can be reached at ###-###-####.

Very truly yours,


CITIGROUP MANAGED FUTURES LLC

By:		/s/ Jennifer Magro
		Jennifer Magro
		Chief Financial Officer & Director


XPLOR CAPITAL MANAGEMENT LLC

By:		/s/ D. Hart


Print Name: D. Hart


JM/sr